Supreme Court Upholds Company Law Board’s Power to Compound Offences: V.L.S. Finance Ltd. vs. Union of India (2013)

/ Chandramauli Kr. Prasad, Code of Criminal Procedure, 1973, Code of Criminal Procedure, 1973 with Section 621A(7), Companies Act, 1956, Companies Act, 1956 with Section 211(7), Companies Act, 1956 with Section 621A, Compounding of Offences, Judges, V.Gopala Gowda

LEGAL ISSUE: Whether the Company Law Board can compound offences punishable under Section 211(7) of the Companies Act, 1956 without the permission of the court when prosecution is pending. CASE TYPE: Company Law Case Name: V.L.S. Finance Ltd. vs. Union of India & Ors. Judgment Date: May 10, 2013 Introduction Date of the Judgment: May […]

Supreme Court Upholds Company Law Board’s Power to Compound Offences: V.L.S. Finance Ltd. vs. Union of India (2013) Read Post »